Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 81 - 90 of 3113 results for "RIC"

No longer an accumulation game: ART

CHLOE WALKER  |  THURSDAY, 1 JUN 2023
... comparability assessment is still developing," Spragg noted. "When you view it within the lens of the Retirement Income Covenant (RIC), when we're trying to balance competing objectives of maximising incomes, flexible access and managing risks, this ...

Italian private credit fund brings unique offering down under

CHLOE WALKER  |  TUESDAY, 30 MAY 2023
Muzinich and Co is rolling out its MLoan fund to Australian investors, expected to be available in July. MLoan, which replicates Muzinich's parallel lending strategy launched in 2018, invests predominately in private European senior secured, floating ...

Lazard implements new leadership

CHLOE WALKER  |  MONDAY, 29 MAY 2023
Lazard has promoted current chief executive of financial advisory Peter R. Orszag to the role of chief executive, while former chief executive and chair Kenneth M. Jacobs will step into the role of executive chair of the board. Orszag has served as ...

Praemium names chief technology officer

CASSANDRA BALDINI  |  MONDAY, 15 MAY 2023
Richard Large has been appointed to the role of chief technology officer and will join Praemium's executive team immediately. He will be responsible for developing and executing the company's technology strategy and ensuring it remains at the ...

Wealth inequality divides Australia: Research

KARREN VERGARA  |  TUESDAY, 2 MAY 2023
Rich Australians who possess $1.9 million on average make up nearly two thirds of total household wealth, a new study finds. A new paper from the Actuaries Institute, Not a level playing field, examined the wealthiest and poorest 20% of the population ...

Skynet fraudster terminated by ASIC

JAMIE WILLIAMSON  |  FRIDAY, 28 APR 2023
The regulator issued a permanent ban to the director of Melbourne's Skynet Financial Services for stealing his clients' retirement savings to fund a lavish lifestyle and pay personal debts. Between 2013 and 2017, Terence Rio Nugara advised clients to ...

Lumiant acquires longevity app

KARREN VERGARA  |  FRIDAY, 28 APR 2023
... Management injected $3 million to help with expansion plans and in September, it received an undisclosed amount from investor Ric Edelman. In March, Lumiant closed another seed funding round totaling $5.2 million.

ATO keeping tabs on SMSF early access, tax avoidance

KARREN VERGARA  |  FRIDAY, 21 APR 2023
The tax office issued a fresh warning to the rich who use self-managed superannuation funds as a vehicle for dodging tax and those who illegally access their retirement savings early. Of the total SMSFs in existence, 25% are operated by private wealth ...

DASH adds to leadership

CASSANDRA BALDINI  |  WEDNESDAY, 19 APR 2023
Financial planning tech firm DASH has added a chief operating officer and an experienced superannuation specialist, recruiting ANZ's head of wealth customer resolution and the executive general manager of Equity Trustees' super trustee office. Following ...

Top 10% pocket 93% of Australia's wealth: Research

CHLOE WALKER  |  WEDNESDAY, 12 APR 2023
New data from the Australia Institute indicates middle-income earners receive just 7% of economic growth per person since 2009, while the top 10% keep getting richer. The data, taken from the World Inequality Database (WID) that shows real national ...